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English 135
Search Results 0 to 49 of about 137 (some duplicates have been removed)
CBS
Jun 21, 2013 7:00am PDT
quote in years? plus, how the dow's plunge could be a good sign for the economy. >>> new overnight. word of a near miss in the skies above new york city. how two jets almost collided in midair. >> the incredible story of a deaf boy hearing for the first time. inside a medical breakthrough. >>> and the miami heat go back to back, repeating as nba champs. >>> but we begin this morning with a look at today's eye opener. your world in 90 seconds. >> people in hedging their bets. >> wall street tries to rebound after a massive sell-off and stocks tumbling. >> yesterday, the dow plunged, its biggest point drop since 2011. >> anxiety mounted over potential of the stimulus reserve to end. >> snowden under investigation. the inspector general race been looking into the company. >> we do believe there may be some problems. >> senate leaders appear to have reached a compromise on immigration reform but the deal is likely to face stiff opposition in the house. >> for peepople concerned about border security, once they see this bill it's almost overkill. >> it's back-to-back
CNBC
Jun 21, 2013 7:00pm EDT
point. the economy is soft, inflation virtually non-existent and i'm just going to add why risk deflation when we barely have a recovery at all? one major consequence of the bernanke policy of ending bond purchases is the big jump in interest rates and that, in turn, changes stock market valuations and that is one big reason for the large correction in stocks this week. no one can foretell the future. least of all, me. but let me just ask a couple of questions here. have treasury rates completely discounted an end to qe, okay? i don't think they have. here's my fear. i'm just going to say this. if you play this out, the ten-year treasury ought to be the same as the growth of total spending or nominal gdp in the economy and that's 3.5%, maybe 4%. we're at 2.5% on the treasury. in other words, in the last year we'll be looking at rates going to 4% in treasurys and i don't think that's in the market yet. now, also, will both stocks and bonds play cat and mouse with the fed? every day, every week, every month for the next couple of months. that's going to be a tough one. since i don
PBS
Jun 21, 2013 4:30pm PDT
on whether the economy continues to improve. gone in two days were was last two months of gains in the stock market. for the year stocks are up more than 12%, even if a lot of us have doubts about the health of the economy. >> unemployment needs to be fixed, housing market. >> i'm worried about the economy. >> reporter: what is next? the year is almost half way down. corporate reports will come out soon and experts are nervous, housing recovery, mortgage rates are inching up. >> these stocks will be volatile until we get clarity on what the feds are doing. >> reporter: there is no shortage of opinions even inside the fed itself. jim bullard said the bond buying was inappropriate time. >> i think the fed was purposely trying to take air out of the housing market and stock market. they don't want the stock market going up 20% every six months and house prices rising 10% year after year. >> reporter: they took bernanke at his word, the economy is recovering and a policy charge is a short-term shock to the system. >> we're babying, over medicating this economy. this economy is like a 12-year-old
PBS
Jun 21, 2013 2:30pm PDT
. >> the economy has suffered, and so have local businesses. in that sense, i do not support further protests, but if the prime minister had expressed himself better, if he had been more accommodating, things would never have got so bad. he likes to project power. this is how he travels to his political rally. to his critics, the heavy- handed police response to the protest symbolizes the heavy- handed attitude of his government. for some, enough is enough. >> they do not want to be told how to lead their lives, how many children they should have, what kind of bread they should eat, what they should drink or not. they are just fed up. it is also partly a reflection of the fact that people decided that they needed to speak up, to sort of remind the government that there are these other people out there who have a different view of how the country should be run and that their views should be respected and taken into account. >> so at 9:00 every night, they bang their pots and pans in noisy protests against the government that has won three elections and looks set to win another. they are callin
CSPAN
Jun 21, 2013 7:00am EDT
wall street journal," -- -- he went on to say, "the economy is recovering too slowly and should not be regarded as the new normal." >> we need a new approach. an approach that removes obstacles of growth, prosperity -- of growth and prosperity. unleash the nation of builders. to become a nation of builders and i think we have to stop picking winners and losers and start focusing on expanding opportunity for everyone. we started out by giving our kids a good chance at an education. to hirend opportunity axa's education so students are ready for tomorrow's job market. to become a nation of builders again, we need to fix our tax code. if we clear out all of these loopholes and make the tax code fair it is going to make it easier to understand, we will be creating more incentives to bring jobs home, and keep our resources here in america. a host: john boehner before the national association of manufacturers. this headline from "the -- this editorial from "the wall street journal" -- joseph on our twitter page has this comment -- logan is on the phone from las vegas on our independen
SFGTV2
Jun 21, 2013 4:00pm PDT
well, munis is such and important part of the city's economy that all city of san francisco benefits. all of the people who ride these buses are really benefitting everybody because they are not out on their own vehicles in the road causing pollution and congestion. they are getting around san francisco in the cleanest way possible and really contributing to what makes the economy strong. we are super excited about these vehicles for us and for our operators and mechanics and they are really a great benefit for all san francisco. i want to acknowledge some people. i have been a member of my board of directors, my bosses, chairman to director jerry lee, ramos, i don't know if anybody else is here. mohammed the director of public works and we are going to hear a little bit about how these buses are part of the public space. just like these are clean, we want to keep these clean. the buses here from input, from our operators, transit workers union local 258. the san francisco transit riders union. the mta advisory committee. a lot of folks working together, our fleet engineers, mechanic
PBS
Jun 20, 2013 6:30pm PDT
? or is this a chance to take advantage of lower asset prices just as the economy shifts into a higher gear? >> one point we think a lot of investors are missing, though, is that the fiscal drag to the economic growth scenario for the u.s. next year becomes far more favorable. >> let's get prospective from phil orlando. phil, as always, good to see you. question number one, is this bull market interrupted or bull market fatally wounded. >> we're just interrupted, tyler. there is no question the sell off was a reaction but the market is missing it. the federal reserve in our view is going to be making a data dependent decision. for them to pull it that's been aggressive for a number of years, they have to believe the economy is ready to grow at 3% or better and they wouldn't pull the accommodation if they felt the economy was weak. so that's a positive, not a negative. >> basically, it seems to me, phil, that what chairman bernanke said yesterday is what he's been saying for months. he did put more sharp points on it but what occurs to me is that the sentiment in the market has changed. a month ago
CNBC
Jun 21, 2013 4:00pm EDT
suggest that the economy's doing better. if we continue to escalate a lot higher, like we have been -- i mean, we're up 87 bips on the 10-year in a month and a halftime. if we continue with that pace, that's what will cause the volatility, i think you want to use the volatility to pick out long-term themes -- in housing, aerospace, the industrials, and even start to look at the defensive stocks as they come down. >> rebecca, part of the issue for the markets has been currencies, has been credit, obviously. i mean, the dollar soaring against all currencies, right? euro, brazil, across the board. >> i think the dollar is likely to stay strong. the u.s. interest rate trend, i think, is going to be with us for a while. maybe not 30 years like falling interest rates were. but it could be for a couple of years. and so, if we're in that environment where you have rising interest rates, a stronger dollar, weaker commodity prices, when you think about the u.s. stocks you want to own, you want to think about names that are going to do well in a strong dollar, weak commodity environment. there are
PBS
Jun 20, 2013 5:30pm PDT
newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> suarez: the prospects for passage of immigration reform, by a big margin, appeared to brighten considerably today. supporters talked hopefully that they'd met demands for greatly expanded policing of the border with mexico. >> madame speaker, i rise to speak. >> suarez: two republicans went to the senate floor this afternoon to announce a potentially critical compromise on a key sticking point for many in the g.o.p. >> americans want immigration reform, of that there is no doubt. they want us to get it right and that means first and foremost securing the border. >> some people have described this as a bor
CNBC
Jun 21, 2013 6:00am EDT
what he said? valuations are attractive still. businesses are doing well. the economy is strengthening. get this. he says even with $20 billion, he opportunity have enough money to take advantage of all the opportunities here. >> 20. it's not all his. >> he says he's not looking at this point like, look, maybe the rate of the market has slowed down. we're not talking about three year doubles at this point. he says for his funds he's looking more five or six years for doubling. maybe nine or ten for the market. still talking about a very strong market and a place he sees great opportunity. >> these are times you try to keep your cool. >> got to have some powder. got to have dry powder. >> i wish we had all the guys looking for -- if they were to come on and say no, no, no, i'd feel better. they're never able to pull the trigger. want to go overseas? >> i think we should. for a moment. >> take us there. >> i hear this whole thing in china is kind of just not just ben bernanke creating some problems. let's talk about trading in asia and europe today. ross westgate standing by in london. f
FOX Business
Jun 21, 2013 11:00am EDT
that is something that is likely. you would have to see something happening much bigger in the overall economy. i do not think it is likely. >> during the recession, new home construction dropped by roughly half. now, thanks to supply and demand, we are starting to see what could be a very robust housing market. a great deal will depend on the broader economy. connell: david, thank you. david lee miller four us in the newsroom. great story. dagen: new regulations could create a labor shortage in that industry. connell: added to my long-standing theory. nevermind. twitter founder jack dorsey teaching small business leaders how to harness attention in social media. he sat down with our friend, peter barnes. talking about rates all day long. dagen: hello. connell: hey, how's it going? dagen: that is a big move. connell: exactly.% a big move from where we were. we will be right back with more "barkett now." ♪ i want to be prepared for the long haul. ishares minimum volatility etfs. foa smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackr
MSNBC
Jun 21, 2013 9:00am PDT
poverty for the lowest income people. and actually, served as a good stimulus for the economy at the same time. >> i mean, and the meme around food stamps has been incredibly divisive. and really false. and i must play the sound from louie gohmert who is really a one-man band in terms of sound bites and outrageous commentary. let us hear what louie gohmert had to say on the floor of the house yesterday. >> standing in line at a grocery store behind people with a food stamp card, and they look in their basket, as one individual said, "i love crab legs," you know the big king crab legs. i love those and then sees the food stamp card pulled out and provided. he is actually helping pay for the king crab legs. when he can't pay for them for himself. >> so everyone on food stamps is apparently buying king crab legs, eugene. >> yeah. >> they're living off the largess of our government. >> king crabs are going to have to be added to the endangered species list, i guess, according to louie gohmert. you know, it's wrong, number one. it's -- it's insulting. it's demeaning. and it's probably the way
FOX News
Jun 21, 2013 3:00pm PDT
the obama economy? this is "special report." good evening, i am chris wallace in for bret baier. investors and traders on wall street are breathing a sigh of relief, thanks to a break from two rough selloff days in the financial markets. chief white house correspondent ed henry reports there's one man that remains on the hot seat, federal reserve chairman ben bernanke. >> reporter: after two days of market melt downs and high anxiety about 401(k)s plunging again, the last thing president obama or his aides wanted to do today was try to decipher the words of the fed chairman, ben bernanke. >> how is the white house sorting out what he said? >> here is what i have to say about the markets and the fed chairman and fed policy. >> reporter: nothing to say. probably smart because the market settled today, with modest gains for the dow and s&p 500 and a small drop for nasdaq, after a two day global selloff for stocks, bonds, and commodities, sparked by a massive credit crunch in china, refusal by communist leaders to intervene by pumping cash into the system, coupled with bernanke's comment that
CNBC
Jun 21, 2013 1:00pm EDT
't think the economy is that strong yet. that would be another conversation on the line, but i think the interest rate -- the jump in interest rates is more once again of a knee jerk reaction. >> do you agree with that, because it does feel as though we're kind of at an infliction point in terms of rates, and this has been a really big backup this week in rates even though we're still at historically low levels. >> as much as i love kenny, i disagree with the big guy. an overreaction, no. we aren't seeing an overreaction. big ben. came out with the bernanke belly flop when he inadvertently suggested that they can move the stimulus or even taper on unemployment target. went from 6.9% up to 7%. that was huge, and that's when the ripple effects and the tsunami came into the treasury pits behind me. they began selling it, and right now, sue, severe technical damage, so the treasury market, obviously 7 and above, 2.40 in the ten-year note is very difficult. equity bounced off this 100-day moving average of 15.75 which coincides with the multi-year high. a lot of people were caught offside
PBS
Jun 20, 2013 7:00pm PDT
reserve had fuelled gapes for months investing billions to get more money 234r0eing through the economy. the central bankers suggested that if the recovery continued, they could scale back investments. ben bernanke said they would evaluate threats and believe the risk for the economy have diminished. investors don't like what nay are hearing. they fell by about 3%. and they are hoping for more stability to close out the week. managers at japan's biggest banks have their own executives at bank of tokyo ufj agreed to pay $250 million to regulators in new york. they transferred billions to countries facing u.s. sanctions. they moved $100 billion to iran, myanmar and sudan in violation of new york state law. between 2002 and 2007 they carried out about 28,000 such transactio transactions. managers instructed employees to strip information from wire transfer messages that could identify countries and people subject to international sanctions. bank officials say they have been working since 2007 to meet obligations. they said in a statement that they are cooperating with the regulators. u.s.
SFGTV2
Jun 21, 2013 4:30pm PDT
significant budget deficits. but because we have pursued policies to control costs, grow our economy, create jobs and stabilize our fiscal health, this year i'm proposing a budget that protects our social safety net, one that increases public safety, and one that invests in our city's infrastructure at unprecedented levels. and it is a budget that significantly grows our city's reserves. this budget is being delivered as san francisco's economy is recovering, going, and moving in the right direction. and san franciscans are getting back to work. in fact, our unemployment rate has dropped, as you all know, from 9.5% in january of 2011 to an astounding 5.4% just last month. (applause) >> i know, i know it has -- it has not been easy. we've had to work hard with our health services system, our care -- our health care providers, and labor to reduce employee health care costs. and because of our collaboration, we will now save $52 million over the next two years. and we've made tough but necessary choices on everything from escalating pension costs to reforming our unfair job punishing business t
MSNBC
Jun 21, 2013 12:00am PDT
economy, then you're going to be shocked by the report "rolling stone" has for us tonight. that's coming up. also a shocking turn of events on the house floor as the house speaker brings crucial legislation to the floor and watches it go down in flames. i'll tell you why what's bad for john boehner is good for the country. >>> plus bailouts of struggling casinos? it is also something that is totally happening. we begin tonight with a truly rare bit of genuine progress from congress. excellent news that nonetheless has me seething with anger. here's what's happening that's great news and infuriating. making sure 11 million immigrants are given a road to citizenship is trying to pass a bill by a huge margin in the senate. they are called the gang of eight and the reason they think they need the huge margin victory is to put pressure on house speaker john boehner to bring the legislation to the house floor even though it it will almost certainly not have the support of a majority of house republicans. so that's the game plan. the goal is get 70 votes in the senate, a goal that has seemed, w
MSNBC
Jun 21, 2013 3:00am PDT
-- pumping billions and billions of dollars into the economy. is it possible that we have gone from a tech bubble to a housing bubble to a fed bubble? >> it's absolutely a risk. the real question is is this easing? all this billions and billions of dollars, trillions of dollars really of dollars the federal reserve has printed and pumped into the economy. have they created a real enduring economic expansion? can housing exist? can housing keep recovering even without ultra-cheap money? can the housing market keep rising without ultra-cheap money? can housing growth continue? that's the bet that ben bernanke has been making the past couple of years. the question is is the debt going to pay off, or will we be right back in this mess we were five years ago? >> isn't the case when former chairman allen greenspan greens retired, he was pummeled because of the housing bubble. isn't it the case, since greenspan left, we've become more liberal with our monetary supply as far as pumping more money into the monetary supply. money has been basically free for investors and businesses for the past seve
CNN
Jun 21, 2013 12:00am PDT
and breaking the news, the stories behind the headlines. if the economy is getting better, why did wall street have the worst day of the year and the walls, exclusive the man that co-founded apple with steve jobs, his interview tonight on a segway, a machine that nearly killed me once. we'll get around to talking about why. i want him to talk about the new upcoming jobs movie. >> nobody wants to buy a computer, nobody. >> how did somebody know what they want if they have never even seen it? >> also, government snooping taking us back to the days of the cold war soviet union. >> i want to begin on the tragic death of james gandolfini yesterday. we're learning more about the moments of his family found him in his hotel room last night. dan is live in rome with more. dan, what is the latest? >> reporter: well, we've been piecing together the tragic final minutes of james gandolfini's life. we know that he arrived at the hospital at 10:40 p.m. having been rushed in found collapsed in his hotel room in a five-star hotel here in central rome. we know he was traveling with his 13-year-old son. there
PBS
Jun 20, 2013 11:00pm PDT
is in cities and metropolitan contraries because these are the engines of the economy, centers of trade and investment. top 100 metros so only one ace of the land mast, two-thirds of the population, three quarters of the gdp and on every indicator that matters, infrastructure and human capital and innovation. 75, 80, 85, 90% of the nations share. there really is no american economy. what we have is a network of metro economies and they're now stepping up and doing the hard work. >> but at the same time we all know that some of the toughest economic challenges are the state and local level. >> absolutely. but the great thing about metropolitan areas is they're not just governments. you know, the federal government is a government. state governments are government, metropolitan areas are networks. and we see that these networks are finding really creative and beneficial ways. >> rose: networks between what? >> networks of different companies, different philanthropic groups, different individuals, all coming together. they have loose or tight connections. and they can fund things more-- in
SFGTV2
Jun 21, 2013 3:30am PDT
the miners who were farmers and to create a new economy for san francisco and haven't we brilliantly and completely made new economies and so many knew that we have to name the latest new economy of the economy of invention and creativity and isn't that what we were doing in the gold rush and so it was stunning to be here with all of you who have made this possible. in 1900, the community worked with us to move up here in this area of a water front, and more of a lagoon area where we could congregate better and save the area where fisherman's wharf had been for the commerce that was needed to sustain our city. as the most of the logistics changed and as the needs changed as a community it was fisherman's wharf that helped us to envision what could be the future. in almost 50 years ago, the discussions began, how to enlifen our water front and how to keep it a working water front as we have here with all of us, as visitors, as those folks who are enjoying the great suit that they have to offer and the wonderful open space and also the working ferries that are helping to transport us a
CBS
Jun 20, 2013 5:30pm PDT
the big concern here on wall street was china. the once-booming chinese economy-- now the second-largest in the world-- is beginning to slow down. wall street is worried that the chinese government is not acting fast enough to boost its economy by injecting cash into a tight cred chinese banks have become reluctant to lend to each other. overnight, interest rates shot up by double digits according to wall street trader ben willis. >> this is a natural correction we've been looking for. we can blame it on ben bernanke, we can blame it on china, we can blame it on greece. >> reporter: but with credit tight, investors who r worried chinese consumers won't be able to buy as many goods from the west, hurting other economies. but willis remains optimistic seeing opportunity if falling stock prices >> we love this. this is what we live for when you have this kind of volatility. this is a dream for us. that's why you're in the business. >> reporter: this is when you make your money. i >> exactly. >> reporter: and with the dow rising more than 12% so far this year, stocks were selling at
FOX Business
Jun 20, 2013 10:00pm EDT
free economy. hastenshe dayhat the fed star tightening. add to that bernanke's laying do of punitive timetables which he said umpteen times is tentative. may not to a defense and the economy. the market does not want to hear any of that. if he says that the assumption is, oh, he will sto doing it tuesday are something like that, which is that goingo. lou: he made big references to ininflation. he made references to employment or at least the six and half percent levels part of construction for his decision . is a lite surprising to me. and it suggested that he does want to accelerate thigs year. are there signs that this quantitative easing combined purchasing program, this is having a n negative, a deleterus effect on the fed's goals? >> i do not believe so. it is not -- it is nothe sort of thing you would think would drive down inflation. inflation has fallen well bew the fed's goal, but -- but the people who are worried about qe are worried about the other direction, ilatiary. it probably has added something to economic growth. mainly, but not exclusively throughower mortgages, mo
FOX News
Jun 21, 2013 1:00pm PDT
-- the problem is the timing of all this. are you telling me the economy is so good now they can stop this program, this $86 billion a month in just a few months if the economy improves? payroll not getting better. trading fulltime jobs for parttime jobs, so seeing individual savings rates plummet. and at the same time our manufacturing base is not doing so. we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the regular purchases or dollar cost averaging? >> they should absolutely. but a lot of the folks who watch our show don't like what they've seen in the market. they tone like the way we got to the rally. the think it's all about ben bernanke and the
CNBC
Jun 21, 2013 4:00am EDT
. and the double hit of the weak chinese economy and also the fed's tapering continue to weigh on this sector. back to you. >> thanks for that. let's recap what happened in the u.s. as well. selling off for a second day. dow, s&p 500 suffering their worst day of the year. dow down 254 points. highest one day percentage drop since last november. all 30 components down with 29 of the 30 dropping more than 1%. s&p had its worst one day percentage drop since november as well. november 2011, i should say. all ten s&p sectors were down more than 2%. 96% of the stocks listed on the benchmark index ended in the red. the vix, the markets fair gauged up more than 23% to its highest close since december. joining us for more, charles steeple, head of market strategy at lloyd's bank with us for the best part of the first hour today. good to see you. it's been described as sort of a big unwind of leverage. the thing that's striking about this, of course, actually what was the hedge yesterday that paid off? maybe if you were long in the vix. otherwise you were pretty much whammied. >> yeah. i mean, it's -- heads
CSPAN
Jun 21, 2013 9:00am EDT
much that is costing the european economy, european jobs, and the european government? guest: at the moment, we are asking our citizens to do a lot of sacrifice in order to adjust to the impact of the financial crisis. we cannot allow a number of people to escape, a number of people to evade their tax responsibilities. so, i think this was a powerful message from the g8. very much supported and initiated by the europeans to make sure that our tax system is assumes itsverybody responsibilities in terms of and that when we ask normal citizens to make sacrifices, we should at the same time ensure that any of the people that tries to escape this sanctions -- is sanctions. cooperation among states is an effective one, and this is what they discussed in the g8 and what we are implementing. we are happy to see that we are on the same wavelength with the americans. host: what about switzerland? is which alone one of those locations used as a tax haven? guest: switzerland is not part of the european union, but we have a solid relationship with switzerland. we made a number of agreemen
PBS
Jun 20, 2013 6:30pm PDT
. this is a mainly shiite area. alms have been going off every day ahead of the elections. while the economy and iraq's kurdish north is booming, there is still no reliable power supply in baghdad. tangled cables apply electricity. he sewage system is ruined and streets and houses are in dire need of repair. that would mean work if it were for the -- if there went out for the constant violence. >> every time a device explodes, it takes work away from us for a week or two. no one comes to buy supplies. i have a family to feed. lex in the first round of provincial elections, the alliance prevailed, but it garnered fewer votes than the previous poll. there was voting in sunni regions that do discriminate against by the government, but many say it's not even about the sectarian conflict. it's just feuding politicians. >> i hope the elections bring change. there are no jobs. there's no electricity. i hope it gets better. >> at iraqi society is hobbled. although the people of iraq were able to cast ballots on thursday, they are not optimistic. >> markets have plunged after the u.s. federal reserve chairman
NBC
Jun 21, 2013 4:00am PDT
as the economy continues to improve. but as cnbc's maria bartiromo points out, there may be a silver lining. >> every time we've seen a sell-off of 5%, a lot of people were expecting a correction of 5%. each time we've seen that, that selling has been met by buyers. they call it the so-called buy on the dip mentality. >> nbc's tracie potts has details, including what this means for homeowners. tracie, good morning to you. >> reporter: good morning. here's how you connect what's going on on wall street with the average american. when the fed says we're going to pull some of our support because the economy's doing better, that means interest rates may go up. if you're buying a car or sending a kid to college or, as you note, if you're buying a home. the housing market has been doing pretty well. take a look at the may numbers. 5 million homes sold in the month of may. that's up 4% from a month earlier. up almost 13% from a year earlier. the median home sale price right now for existing homes is $208,000. that's up 15% year over year. in fact, we've seen double-digit increases for six months i
SFGTV2
Jun 21, 2013 7:00am PDT
now to get people to work. and while the economy is a little stronger now than when we started work a year or so again it was not so much and we were getting people off the benches and in their booths working on the ground. and an important benefit of this project for the economy of san francisco today and not just tomorrow. and ultimately this is about public transportation and it is about investing in the future of public transportation in the city and we are a transit first city and we need to better move the people who are trying to get around san francisco today, as well as those who will be coming to san francisco tomorrow. so this is really about building for the future, strengthening the transit system that we have today and i think that i am going to stop now because i have talked too long and bring up the people that you want to hear from starting with the leader in san francisco, a man who not only understands transportation and jobs, and i think that you have heard of him talk about jobs but understands the importance of infrastructure and investing in the economy and sa
CNBC
Jun 21, 2013 9:00am EDT
the food away, and buy one lobster and get one lobster, and it is bad. darden blames the economy for people not spending at lo of money to buy the breadsticks. i don't want to hear that. >> and meanwhile, we think that the economy is improving and yesterday the numbers in a different environment most likely would have been positives for the equity market, but we are not overwhelmed by the worries of the philly fed, and numbers that most people thought were better than they thought it would be. >> and i look at the bonds and how is the 10-year, strong. okay. buy me 50,000, whatever. we are in one of the moments and if we are not looking at the bonds, you know, having fun. >> and something else that people were looking at is the chinese shibor. we don't talk about it a lot. >> right, something that can jump up to bite you. >> and the rate has come down overnight, and they are trying to tighten up the money supply, and tighten it up, and the corporate inflows are not as strong as they might have originally been for china, but all part of the plan in a way of 300 million people, and 15 years to
CNBC
Jun 21, 2013 12:00pm EDT
can do well. that's indicative of a better economy, a faster growing recovery happening. if rates back up very severely like we have been seeing over the last month, that's problematic in my view. that's volatility in my view. but overall the bond market needs to stabilize. when that happens i think the markets will and we can focus on earnings. if the economy continues to recover, corporate profits will recover mikofecover miking the attractive. defensives have been hammered again. you have to keep an eye out for some of these quality companies. those are on the radar screen. we're too early. >> jeffrey gundlach was on the show and said he didn't expect to hit 2.r50% on the ten-year note, today it did. gundlach e-mailing me when i asked him why are we seeing such a violent move. higher yields leads to fear-based selling leads to the street stepping back leads to fear-based selling and around and around it goes. doc, is this the way it's going to be for a while? >> it is in a way. but i agree with stephanie and stephen and jeff gundlach, who when he said it here on our show just the ot
FOX Business
Jun 21, 2013 3:00pm EDT
economy wise that could come to fruition in the next couple of months. however, i think right now we have overcome it. in the next couple of days we are going to get back above $95 in crude oil. >> all rightquickly on japan. >> you know, everyone is talking about this right now. quantitative easing is the big thing. there seems to be a disconnect between china and japan. i don't have any clear-cut answer. liz: everyone needs to watch out. economics may not be what they seem. thank you for joining us. have a good weekend, guys. investors are switching away from oracle stock. this after the company's earnings report failed to excite anyone here. >> that is right, there is a lack of quarterly numbers that came out. revenue was a disappointment. see the stock isn't down 9% and it has been sitting there all day long. it sat there all day. what is also big news is we know the nasdaq and the new york stock exchange and anybody who knows these two know that they battle it out. they battle it out. oracle will be the largest to leave the nasdaq and come over to the new york stock exchange. that was
NBC
Jun 20, 2013 5:30pm PDT
gave a mostly positive review of the economy, but also in there was a warning that cheap borrowing may be coming to an end. that was the backdrop. and today the people who buy and sell stocks for a living chose to sell. and the numbers went down in a moment. we'll talk about how a lot of homeowners are watching this closely. first, however, let's go to where the damage was done. maria bartiromo on the floor of the stock exchange in new york. good evening. >> good evening to you. at this point everybody has gone home at the new york stock exchange. but it was quite the scene today as the market was plummeting. and today's 350-point sell-off comes on top of yesterday's 200-point sell-off as the federal reserve suggested the winding down of the stimulus may very well happen beginning at the end of this year. so why is that such a bad thing? basically, people are focusing on the fact that once the stimulus goes away, interest rates will begin to creep up, and that will take money out of the stock market and into fixed income, into bonds. why would i keep my money in the stock market, which
MSNBC
Jun 21, 2013 2:30am PDT
was, were they propping up the economy and stock market or can it fly on its own? that what we'll wait and see. if i'm a retail investor with a 401(k), hold tight, see what happens. it will be volatile for weeks, probably months at this point while the fed figures out how to get the stimulus out. ultimately, it will shake out to a normalized level. the underlying economy is good so i'd freak out a little bit, but ultimately just wait. >> we want to have the economy stand on its own two feet, but that's the thing here. 401(k) investors, they're not active traders, and the people trading here are probably booking profits from this huge run-up we've had. >> yeah. what it is is a very professional market right now, and you've got traders who love volatility, cashing in on this. we had a pretty tepid market for a while, wasn't a lot of daily motion, and then the fed said we're going to pull out stimulus and you've got big swings up and down. we could pop back up today, so this is a professional trader's market, not for the amateur, mom-and-pop investor. best thing is to wait it out at this
MSNBC
Jun 21, 2013 10:00am PDT
" on sunday. >> >> we want to do our own congressional summit on immigration, the economy, spying. we've got terrific four some to talk about this, as well as to really examine the president's standing right now politically with some of these issues. and we'll do that with our round table. >> thank you very much. we'll be watching. >> okay. >> and senate approval of a broad overhaul of the nation's immigration system could get a boost to spend billions on border patrol. but while it is raising hopes for republican support, there is strong opposition to it. >> if it were actually needed and work, i would help deal with that. but i don't -- i have my doubts that this is the best way to spend our money. i think this was a political response to a failing piece of legislation, a dramatic, desperate attempt to pass a dramatic piece of amendment so they can say it does everything you want and more. so we'll see. hopefully it does improve the border. but again, the border is just one part of the overall failure of our immigration system. >>> and joining me now is nbc news capitol hill correspondent,
FOX Business
Jun 21, 2013 5:00pm EDT
this much improvement in the economy versus this much distortion of every kind of asset class investors have a choice of. it is time, isn't it? melissa: that is not really what we're talking about. we're talking bu with the chaos that ensued this week. for example, let me play the sound bite president obama basically fired ben bernanke and charlie rose. we will get both your reactions on the other side. president obama: i think ben bernanke has done an excellent job. he is like fiv bob mueller. he stayed a lot longer than he wanted or he was supposed to. >> but if he wanted to be reappointed, you would reappoint him? president obama: he has been outstanding partner along with the white house. melissa: what? that is nottreally a ringing endorsement. that is like somebody saying how is your husband? that is like somebody saying he has been outstanding partner until now. >> anybody can be a loose cannon, it is just odd it is the president of the united states? melissa: was that a loose cannon? >> he is not going to jackson hole, that was a little odd. he has been telegraphing things and a lot o
FOX Business
Jun 21, 2013 7:00pm EDT
. hurting the economy more than it has helped. editor-in-chief steve forbes, great to have you with us. qe appears to be at an end, sort of. $85 billion continues, the rates are moving higher, so that will be problematic. your thoughts on the timing on all of this by the fed chairman. >> three years late, better late than never, what ben bernanke has done inadvertently this make it easier for the government to deficit spending, get back on their feet, issue new bonds but for the rest of the economy, smaller businesses like with what they said in russia, health care is free but you can't get any. they are the job creators, they are hurt by what bernanke did. not much left for the small guys. lou: a lot of limited government, some of them are anti-fed. oh, my gosh, we cannot conclude it a $5 billion per month. i do not like what he has done, bbt don't let him reverse course here. there is a chorus of hypocrisy in pleading for more punch bowl, please. >> it is hard to give up when you have it. bernanke will not do this precipitously, will not do it rapidly. the market has grossly overreacted
CSPAN
Jun 20, 2013 8:00pm EDT
, promotes growth and creates jobs, investments in infrastructure and innovation, expands our economy and strengthens the middle class and responsibly reduces the deficit. cognizant van hollen has been our leader on budget issues and the -- always promoting a budget as a statement of our national values of fairness, and opportunity, while reducing the deficit. please yield to the distinguished gentleman. >> thank you, leader pelosi. leader pelosi and president obama have in calling for some time now for the house of representatives to get working on legislation that will help boost growth. the economy has been improving but we know it can improve much faster if congress would do its work. two percent economic growth. because of things congress has done, like the sequester, we are slowing down economic growth in the country. the congressional budget office says economic growth this year will be one third less because of the sequester. which is why we have proposed a budget. senate democrats and the president of the united states have proposed budget that would replace the sequester wit
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